Today we will continue our conversation with Jerry Parker the founder of Chesapeake Capital and widely known as the most successful Turtle ever.

After wrapping up his position with Richard J. Dennis as a famous “Turtle,” he went on to start his own asset management firm, Chesapeake Capital Corporation.

In this episode we discuss the evolving CTA industry and the story of Chesapeake. It’s a powerful story from one of the most successful people in the industry. We really hope you enjoy it. Welcome to episode 14 of Top Traders Unplugged.

In This Episode, You’ll Learn:

How the research and complexity of systems has a backwards effect to making money

Challenges with entering stock markets with CTA strategies

Why counting the trades and analyzing sample size is what most investors forget to ask when seeking fund managers

“I think the biggest enough complaint that investors have about CTA firms is that there aren’t enough stocks”

Where the CTA managers have failed investors

How Jerry Parker handles emotions during drawdowns

Why markets have changed so that longer term focus has proven more successful

Learn about the philosophy of “The Markets are the Heroes”

“You sort of have to look at yourself as a martyr, being willing to suffer pain and do what most people find hard to do; stick to a game plan, even when it’s not going well”

Important lessons from a long, successful career in the CTA industry

What is it that keeps investors from Turtle CTAs and choose larger financial organizations

Why we see a skewed distribution towards profitability of long side trades and short side trades

The key legacy traits left behind by the Turtles and if the experiment could be replicated now

Why Jerry Parker’s contribution to the CTA space will be that he sticks with the plan and be the last one going down with the trend following ship

“That is really the essence of what we do. No one can predict what will happen. The trend following rules will put us in a good situation usually if something happens that’s never happened before.”

Lessons for upcoming CTA managers from Jerry Parker

Debunking trading cliches like, “you never go broke taking a profit” and “exits are more important than entries”

As Featured In…

iTunes Reviews

Absolute Gold

03/23/2019What do you get when you put a Dane, a German and an American in one show? Only the absolute greatest investment podcast out there. I can’t even begin to express how much I love The Systematic Investor portion of TTU, and of how much I’ve learned from these three great minds. Thank you for doing this podcast.

by Trucker JohnZ from United States

Good insights!

03/17/2019The team provides excellent insights into the world of trend following.

by London Millennial from United Kingdom

Incredible Insight!

03/09/2019Great podcast. As a private Investor / Trader- listening to professionals give advice and encouragement is absolutley priceless. Trying to beat the market, and the large institutionals, with the talent they employ, is difficult, and when you do, you question how long it will last. But as a trend follower- listening to Niels, Moritz and Jerry, gives me the "suppport" group that I need to keep plugging away during draw downs. Keep it up, and thank you! ORT!

by Occams_Razor_Trader from United States

Review

02/14/2019Best episode yet!! Keep up the great work.

by Trickill from United States

Great podcast

02/05/2019I recently started listening to the podcast. This is excellent. If you enjoy investing podcasts, or are interested in trend following / alternative investments you will probably like this.

by Otis7#pp from United States

The BEST systematic/trend following resource

01/28/2019Are you seeking information and transparency? Do you value simplicity and honesty? Do you want to learn about risk and money management? Are you interested in alternative investment strategies and long-term capital growth? You will learn this and much more with this podcast through the lens of trend following and systematic investing. Start with episode 1 back in 2014 and work your way through. It’s impossible you won’t learn something useful and applicable.

by SamGoBlue from United States

Mission

The goal of Top Traders Unplugged is to democratize the hedge fund industry, by providing easy access to the most successful managers and traders while simultaneously giving small and emerging managers a chance to be heard.